Woodburn committee pursues Bendigo Bank

WOODBURN has a vibrant main street - but no bank.

Residents and business operators in the village want Bendigo Community Bank to set up in an empty shop on River Street.

Their goal is now a step closer with the formation of the Mid-Richmond District Community Bank steering committee.

The committee aims to bring in more local interest and pledges of financial support.

Spokeswoman Joan Roots said they wanted Bendigo because it was a community-based bank with all members being shareholders and dividends from profits.

The village has lost both a bank and a credit union to nearby Evans Head, but this time residents were determined to have one that stays anchored.

Mrs Roots said the Chamber of Commerce instigated the move because of the inconvenience for both businesses and residents forced to travel to Lismore or Ballina to access full banking facilities.

The 14 people on the committee are a mix of people from Woodburn, Coraki and Evans Head, including a councillor, retired couples and business owners.

Mrs Roots said the committee needed to guarantee at least $600,000 in pledges before the Bendigo Community Bank would set up shop.

Discussions have been held with bank representatives from Brisbane.

For information contact Mrs Roots on 6682 2457, committee chairman Dr Rod Simms on 6682 2023, or Jon Don at Woodburn Pharmacy.



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